L3Harris removes CEO over unspecified misconduct

L3Harris Technologies has removed its Chief Executive Officer, Christopher Kubasik, effective August 17th. The company stated it discovered “certain conduct” by Kubasik that was inconsistent with the firm’s values. L3Harris declined to provide specific details regarding the nature of the misconduct. This action follows an internal investigation initiated after the company became aware of the activity. Shares in L3Harris closed at $168.42 per share on August 17th following the announcement.